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Monday, June 17, 2024

Hope on the horizon

By Do An

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Vietnam’s real estate market showed signs of improvement in the third quarter of this year. Prominent trends A recent report by CBRE Vietnam showed that in Q3, the retail market became more vibrant, with new projects launched nationwide. Meanwhile, the industrial market continued to witness positive movements. The introduction of new buildings created a major push for Vietnam’s real estate market. In Hanoi, Lotte Group has opened Lotte Mall West Lake Hanoi with a net leasable area of 72,000 square meters—one of the largest shopping malls in Hanoi. In HCMC, Hung Vuong Plaza reopened following its refurbishment. These shopping malls have been almost entirely occupied and have received positive consumer reviews, according to analysts at CBRE. Retail developers such as Central Group and Aeon Mall have expanded their operations nationwide, not only in Hanoi and HCMC. In particular, Central Retail launched a new furniture brand in the central coastal province of Quang Nam and the southern province of Dong Nai. Aeon established a new “Super Supermarket” in Binh Duong, another southern province, while Aeon Mall Hue in Thua Thien Hue, another central province, is set to open in 2024 with a gross area of about 138,000 square meters, the first […]
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